Centrica to shed 5,000 roles as UK job losses mount

FINANCIAL TIMES đź”’| Centrica is to cut a further 5,000 jobs as the lossmaking energy supplier accelerates cost cuts after the coronavirus crisis added to several difficult years marred by mass redundancies, profit warnings and dividend cuts.

Half of the job cuts announced on Thursday will come from leadership, management and corporate roles as Chris O’Shea, who took over from Iain Conn as chief executive in March, seeks to simplify the energy group behind the British Gas brand.

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